Momentum Fading on FARTCOIN – High-Risk Short Setup

FARTCOINUSDT.P
📊 Pair: FARTCOIN/USDT (1H)

🔴 SHORT

CMP / Entry: 0.8639
Stop Loss (SL): 0.8946

🎯 Take Profits:

TP1: 0.8485

TP2: 0.7890

TP3: 0.7378

TP4: 0.6977

White Lines are Extened TP's

🧠 Technical Outlook
A clear bearish divergence is visible on the 1H chart — price has made a higher high while RSI prints a lower high, signaling a potential momentum fade. RSI currently sits at 67.83, rolling off the overbought zone, indicating room for correction.

Volume shows slight decline, supporting a possible near-term retracement. Price action appears to be stalling beneath resistance.

📌 Strategy
Short from CMP with a tight SL above recent high. Secure partials along target zones. A break of TP1 could trigger a cascade toward deeper support levels.

Leverage: 25x [Your choice, based on risk appetite]
Position sizing: Margin 1–2% of your portfolio

⚠️ Disclaimer
#NFA, DYOR. Margin 1–2% of your portfolio.
Financial markets are subject to high volatility and unpredictable moves. Always trade with a clear risk management plan and avoid overexposure.